Bone Densitometer Market to Reach US$700 Million in 2010

By HospiMedica staff writers
Posted on 15 May 2008

The worldwide bone densitometer market is projected to reach US$700 million by 2010 as stated in a recent report.

The alarming rise of osteoporosis has propelled the need for early detection of the disease. Apart from this, introduction of new drug therapies and the need for frequent tests for osteoporosis detection have increased the demand for bone densitometers. Moreover, according to a report published April 16, 2008, by Global Industry Analysts, Inc. (San Jose, CA, USA), improved access to better diagnostic technologies, and increased patient awareness have enhanced growth in the diagnosis sector, thereby fuelling growth in the global densitometers market. In value terms, Europe and the United States capture a 70% share of the market. Asia-Pacific is projected to emerge as the fastest growing region, posting a compound annual growth rate (CAGR) of 6.8% over the 2000-2010 period.

Bone densitometers are characterized by the technology employed in the equipment. Worldwide market for bone densitometry is dominated by the presence of dual energy X-ray absorptiometry (DEXA), ultrasound devices, and a variety of other bone densitometry techniques. Global market has seen increased acceptance of ultrasound devices in recent times, which is the fastest growing segment in the global bone densitometers market. New developments related to DXA technology are driving enhancements in the diagnosis of osteoporosis, cardiovascular diseases, and fracture risk. The bone densitometers market is analyzed by two primary product segments--axial bone densitometers and peripheral bone densitometers.

Peripheral densitometers represent the largest and fastest growing segment, in volume terms, with a CAGR of 8.8% over the period 2000-2010. In Europe, the axial bone densitometers market is estimated at $130 million for 2008.

Global Industry Analysts (GIA) is one of the world's largest market research publishers. The company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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